/ REC Signs MoU With DVC Will Extend Long Term Loan Assistance ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 24 March 2017

”REC signs MoU with DVC to provide a holistic framework for extending long-term financing and capacity support,” said Rural Electrification Corporation in an official statement released on Friday.

The statement further said that the memorandum of understanding would ensure undisturbed financing to ongoing and upcoming projects of Damodar Valley Corporation on competitive terms and for extending other value added services for the next five years.

Rural Electrification Corporation Limited is engaged in other financial services and activities-other Credit granting. The Company provides finance to power sector. It finances and promotes rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.

Stock of Rural Electrification Corporation Limited closed at Rs 173, up by Rs 7 or 4.3 per cent to its previous close at Rs 166 on the BSE. The Stock hit a high of Rs 176 and a low of Rs 166 on intraday basis on Friday.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717